Oct 26 2010 | 3:30am ET
Federal and state regulators came down hard on a Connecticut hedge fund yesterday, accusing it of overvaluing its portfolio to overcharge investors by tens of millions of dollars.
Southridge Capital Management and CEO Stephen Hicks cooked up a bogus value for their funds' largest holding based almost entirely on the company's acquisition of two companies controlled by Hicks, the Securities and Exchange Commission and Connecticut Banking Commissioner alleged. Southridge and Hicks also lied to investors about the firm's strategy.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…